Bitcoin Electricity Cost 

In fact, according to a recent paper from Dutch bank ING, a single bitcoin transaction consumes enough energy to power the average household for an entire month. Digiconomist also found that Ethereum, the second most popular cryptocurrency today, also uses more than a country’s worth of electricity.

Speaking of cryptocurrencies…

Early bitcoin history is a good lesson on inefficient markets too, since a lot of miners have/had access to “free” electricity. This will change (as it’s already begun to) and the subsequent price change will be an interesting way to watch a market seeks efficiency (potatowire capsule summary of market efficiency: a market state with assets properly priced; transitory).

Unpopular Ideas about Blockchains – Conspiratus 

Much like the idea for this post, our reason for compiling this (admittedly-incomplete) list is taken from Julia Galef. To quote her, “Considering weird ideas helps de-anchor us from the status quo, and that’s valuable independently of whether those particular ideas are true or not.”

Blockchains fascinate me and cryptocurrencies worry me.

Mr. Money Mustache, UBER Driver | Mr. Money Mustache 

Maybe people really are that  uninformed about the cost of driving. As my friend Bill said when we talked about this:

“Imagine developing a company specifically to take advantage of people’s ignorance of how expensive it really is to drive their own car. What would this company look like? “

(the answer is of course that it would look like very much like Uber or any other ridesharing company)

To know for sure, Mr. Money Mustache went undercover in September 2016 as a driver for both Uber and Lyft.

This gives me a different reason to dislike these companies (although I dislike one company much more than the other).


I was angry for a long time. The way young men are. Like blood in a film, I knew that the anger was unreal, but it still made queasy. I remained angry. The way slightly older young men are. I couldn’t find a way out of that anger.

My anger was a cage and the cage had no door.

Fortunately, a hidden door was discovered later. Great Thanksgiving post.

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